Asian stocks subdued on final trading day of 2015

FXStreet (Mumbai) - The stocks on the Asian bourses had little to look up to on the final trading day of this year and traded largely subdued, with absolutely thin volumes in Asia as most major markets, including Japan and South Korea remain closed on NYE celebrations.

Oil remains in focus

Among other Asian indices, the Australian benchmark, S&P/ ASX index is seen -0.45% lower at 5,295 levels, as both energy and materials sector stocks are badly hit on the back of the overnight slump in oil prices. Gold prices also fell on Wednesday tracking oil lower and therefore, weighed on the mining stocks. Rio Tinto and BHP Billiton, two of the biggest miners in the country, trading 0.58 and 1.33% lower, respectively.

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